Through hard work and sound financial planning, some find themselves in situations in which they are contemplating intra-family financial planning. That is, identifying financial planning techniques that can be used to financially strengthen the next generation—children and grandchildren.
Read MoreBeacon recently hosted a live webinar to update clients and friends about the financial markets and current economic conditions. We also provided some financial planning strategies to consider that could have a meaningful impact over the long term.
Read MoreShould you buy a rental property and if so, what information do you need for your taxes? When it comes to taxes, everyone wants to know what they can “write off” for tax purposes. In this article, we explore some of the tax benefits of a rental property.
Read MoreWith nationwide college costs continuing to rise, it has never been more important for parents to develop a savings strategy to help cover these costs.
Read MoreWhen a loved one passes away, there are many financial decisions that need to be addressed. Anyone who has gone through this process will tell you that it can be overwhelming and stressful. For those who have, or will be receiving an inheritance, it is important to understand the tax implications, so you can make decisions that are consistent with your personal circumstances.
Read MoreIn this web presentation, Erin Campbell, CPA/PFS, CFP® discusses various tax saving strategies to consider. Among them, she discusses tax-loss and investment gain "harvesting," qualified charitable deductions (QCDs), donor advised funds and Roth IRA conversions.
Read MoreThis is a replay of our most recent webinar: "End of Year Tax Planning Strategies". During this webinar, Beacon’s team will provide important updates on 2021 tax laws and discuss several “Tax Planning Strategies” including: Tax-Loss Harvesting, Charitable Gifting, Roth Conversions, Maximizing Retirement Plan Contributions.
Read MoreIn this webinar, Beacon Financial Strategies’ Certified Financial Planner Professionals discuss a number of charitable gifting techniques.
Read MoreDoes the world feel out of control? There is so much uncertainty in the world and most investors feel powerless when it comes to investing and accumulating assets for long-term financial goals. And it is no wonder: some of the financial, economic and political challenges we are currently experiencing are on a global scale and unprecedented.
Read MoreAsset "location" - which types of investments should be held in which accounts -is different based on your stage in life. An accumulator and a retiree should have a different investment strategy.
Read MoreIn this episode of Finance In A Flash, we discuss the new 10-year Inherited IRA rules set forth by the SECURE Act in 2020. Chip and Nick discuss what this means for people who have inherited an IRA after 2020, and what scenarios or opportunities you should think about when withdrawing funds from your Inherited IRA.
Read MoreWithout the security of a stable paycheck, many new retirees may feel less than confident about relying on their investment portfolio to cover living expenses for the next 20 (or more) years. Research has shown that the timing of one’s retirement can be important – especially as it relates to investment returns in the early years of retirement.
Read MoreSmall business owners have a number of alternatives to choose from when it comes to establishing retirement plans for their business. Each plan type can vary in their contribution level and matching requirements, as well as their ongoing regulatory and administrative burden.
Read MoreWhen it comes to structuring a tax-efficient investment portfolio, we believe it is important to consider “asset location.” That is—which types of investments should be held in which accounts?
Read MoreSmall business owners have a number of alternatives to choose from when it comes to establishing retirement plans for their business. Each plan type can vary in their contribution level and matching requirements, as well as their ongoing regulatory and administrative burden.
Read MoreRoth IRAs are great savings mechanisms and can be used effectively for retirement and education planning. One of the less publicized advantages to Roth IRAs is that they can be a great estate planning technique when someone wants to pass along as much as possible to their heirs.
Read MoreIs the IRS ready to begin processing 2020 tax returns? Should you consider delaying your filing or file an extension? Find out from Beacon Financial Strategies’ tax and financial planning expert what you need to know when it comes to your 2020 tax return.
Read MoreMany financial planning objectives can be accomplished through the utilization of trusts. Here are several of the most common types of trusts and a brief overview of their purpose…
Read MoreWhen it comes to taking account distributions in retirement, which account is best - IRAs, Roth IRAs, Brokerage accounts or 401k plans? Also, are there tax strategies that could be employed now to minimize taxes in the future?
Read MoreThe Consolidated Appropriations Act (CAA) offers many tax provisions to assist in the ongoing economic crisis. Many of the provisions affect not only the 2020 tax return but into future years as well.
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